Trump Tariffs India | Trump Says India Trade Deal Still Not Finalized, Hints At 20-25% Tariff President Donald Trump said that India may be hit with a tariff rate of 20% to 25% but cautioned the final levy had still not been finalized as the two countries negotiate on a trade deal ahead of an Aug. 1 deadline. "I think so," Trump told reporters Tuesday when asked if that was a possible tariff rate for New Delhi.